Chile's central bank to hold interest rate at 5.75% in July, poll suggests
SANTIAGO, July 8 -Chile's central bank is expected to hold its benchmark interest rate at 5.75% at its next monetary policy meeting later this month, a poll of traders released by the bank showed on Monday.
According to the poll, the benchmark interest rate of the Andean country is expected to reach 5.0% in 12 months.
In June, the central bank cut borrowing costs by 25 basis points to 5.75%, in line with expectations. Chile's consumer prices are expected to rise 0.6% in July and reach 3.6% over the next 12 months, according to the poll.
Reporting by Fabian Andrés Cambero; Writing by Stéphanie Hamel; Editing by Gabriel Araujo
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